3201 E Lake Dr, Nashville, TN 37214, Nashville, 37214 - 3 bed, 2 bath
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3201 E Lake Dr
Nashville, TN 37214
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,044Sq Ft
871Lot Size
Property Price
LIST PRICE$240,000
EST. MARKET VALUE
$223,796
7% AboveMARKET VALUE
SUMMARY
This 3bd/2ba Single Family Residence represents a Strong Value Opportunity, listed at $254,999—positioned well above the $235,711 Fair Market Value by 8%. While the property carries a premium, it offers a Condition Rating of 3 with a recently renovated kitchen and modern LVP flooring. The inclusion of a deck and low-maintenance HOA living provides immediate lifestyle appeal. Given the proximity to BNA Airport and downtown Nashville, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home in a convenient location.
Estimated Market Value
$223,796
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3201 E Lake Dr Subject | $240,000* List Price | 3 | 2 | 1,044 | $214 | - |
A 528 Williamsburg Dr Active | $198,000 List Price | 2 | 2 | 1,207 | $164 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1983 but features a recently renovated kitchen with modern cabinetry, subway tile backsplash, and stainless steel appliances. The home is move-in ready with updated LVP flooring, though some dated elements like popcorn ceilings and older bathroom floor tile prevent an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Accessibility
The property is ideally situated just 20 minutes from downtown Nashville and close to BNA Airport, offering excellent convenience for commuters and frequent travelers.
- Low-Maintenance Living
The HOA covers lawn care, exterior maintenance, and trash services, providing a hassle-free lifestyle that is perfect for busy professionals or investors.
- Modernized Interior
Featuring an upgraded kitchen with modern finishes and a functional floor plan that maximizes natural light, the home offers a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 1044.
- Limited Outdoor Space
With a lot size of only 871 square feet, the property offers very little private yard space, which may be a drawback for buyers seeking traditional outdoor areas.
- School District Ratings
The assigned public schools have lower performance ratings (3/10 and 4/10), which could impact the property's appeal to families prioritizing education.
About 3201 E Lake Dr
This charming 3bd/2ba home offers 1,044 sq ft of comfortable living space in a convenient Nashville location. Thoughtfully updated, it features an upgraded kitchen with modern finishes and appliances. The functional floor plan maximizes every square foot, offering well-designed living areas and natural light throughout. Enjoy quick access to lakes, parks, the interstate, BNA Airport, and downtown Nashville, just 20 minutes away. Whether you’re a first-time homebuyer or an investor, this property is a fantastic opportunity. The HOA covers lawn care, exterior maintenance, and trash service, providing added convenience and low-maintenance living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $335 / Month
Neighborhood Insights
Nashville Unified Schools
Hickman Elementary School
Grades PK-4 • 2.2 mi
3/10
Donelson Middle School
Grades 5-8 • 2.2 mi
4/10
Mcgavock Comp High School
Grades 9-12 • 4.0 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,044 | 2,093.129 |
| Lot Size | 871 | 10,890 |
| Price | $240.0K | $568.3K |
| Price per sq ft | $230 | $307 |
| Built year | 1983 | 1971 |
| HOA | $335 | $137 |
| Days on market | 104 | 69 |
Pricing History
Listed for Sale
Jul 7, 2026
$240,000
$254,999
-6% Price Drop
Initial Listing
Price Change
Jun 23, 2026
$254,999
$260,000
-2% Price Drop
Initial Listing
Price Change
May 28, 2026
$260,000
Initial Listing